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Books > Business & Economics > Business & management > Ownership & organization of enterprises
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State-Owned Enterprises in the Global Economy (Hardcover)
Loot Price: R4,092
Discovery Miles 40 920
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State-Owned Enterprises in the Global Economy (Hardcover)
Series: Routledge Studies in the Modern World Economy
Expected to ship within 12 - 17 working days
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State-owned enterprises (SOEs) combine economic activities
resulting from their position on the market with non-economic
functions determined by the state owner. In many of the world's
major economies, SOEs play an important role, and in some, such as
China, India, Russia and Brazil, they are outright dominant. At the
same time, the existence of SOEs is largely ignored by economic
theory and the current figures on SOEs on a global scale available
in the literature are questionable in terms of their methodological
validity and thus they do not allow for a proper cross-country
analysis. This book fills this research gap. It focuses on the
scope and importance of SOEs in a broad group of the largest
economies, primarily on a variety of quantitative estimates. It
contains the results of an extensive and unique empirical study of
37 of the world's largest economies over the period from 2009 to
2018. The findings showed that the average share of SOEs - measured
by operating revenues and total assets - in the group of the
largest 100 enterprises (Top 100) of a given country is nearly 30%,
while in the Top 20 group it is even slightly higher. The authors
present an econometric analysis showing the relationship between
the scope of SOEs and the various economic and non-economic
characteristics of the studied set of countries. The book also
contains an in-depth discussion of selected key issues, such as the
functions of SOEs in various types of economies, the role of SOEs
in capital markets and the phenomenon of SOEs with foreign capital.
This work is addressed to both academic economists, dealing with
macroeconomics and economic policy, as well as researchers and
analysts from various international organizations and think-tanks.
General
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